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“In total, Musk underpaid Twitter investors by more ... “Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic ...

Twitter's stock price rose 27 percent once Musk belatedly disclosed his stake, the lawsuit said. "During the period that Musk was required to publicly disclose his beneficial ownership but had ...

The agency claimed that investors and the “unsuspecting public” who sold Twitter stock during that period did so “at artificially low prices,” which led them to suffer “substantial ...

The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.

The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 purchase of the social network.

The US Securities and Exchange Commission is suing Elon Musk, the owner of social media site X, alleging the world's richest man held off declaring his substantial purchase of Twitter shares in 2022.

When he finally disclosed his 9% stake in Twitter, the stock price jumped 27% off the previous close. A delay, the SEC says, lettered Musk to profit on artificially low prices as others ...

The SEC sued Elon Musk, accusing the X owner of failing to properly disclose his purchases of Twitter stock in 2022.

The agency claimed that investors and the “unsuspecting public” who sold Twitter stock during that period did so “at artificially low prices,” which led them to suffer “substantial economic harm.” “As ...